NGX Trading Summary – Tuesday, April 29, 2025
“Big Volumes, Big Money – But Fewer Deals!”
The Nigerian Stock Exchange (NGX) wrapped up today’s session with a powerful surge in market activity, showcasing renewed investor interest — especially in high-volume banking and telecom stocks.
Market Performance at a Glance:
• Total Volume Traded: 733.05 million shares
• Number of Deals: 16,619
• Total Turnover (Market Value): ₦35.29 billion
• Market Capitalization: ₦66.6 trillion
Compared to Monday’s trading:
• Volume surged by 46%
• Turnover (money value) soared by a massive 191%
• However, deals slightly dipped by 6% – indicating that while fewer transactions occurred, they involved much larger quantities and bigger value plays.
Top Market Movers – Gainers & Losers
Top Gainers:
1. Legend Internet led the charge with a +10% jump, closing at ₦8.25 — investors clearly believe in its digital future!
2. Associated Bus Company (ABC) gained +9.94% – no brakes on this rally!
3. Cadbury Nigeria: Sweet performance with +9.91%
4. Champion Breweries: Popped +9.79%, proving it’s still a stock to toast to.
Top Losers:
1. Livestock Feeds slipped by -9.71%, ending at ₦7.72
2. Multiverse Mining & Exploration followed closely at -9.62%
3. McNichols: Dropped -9.47%
4. Omatek Ventures: Lost -9.23% – tech’s not always trendy!
Heavyweights by Volume Traded:
These stocks had the highest number of shares exchanged:
• Fidelity Bank: 285 million shares – commanding over 38% of total market volume!
• MTN Nigeria: 86.9 million – strong telecom interest continues.
• Access Holdings: 35.6 million – steady as always.
• Universal Insurance: 29.8 million – insurance seeing some spotlight.
In Summary:
Today’s trading day was one for the books — strong volume, huge cash flow, and broad market participation with 125 equities traded. With 33 stocks gaining and only 20 losing, the market sentiment remained positive.
Key takeaway: Investors are positioning based on Q1 earnings and dividend plays — while also chasing momentum in fresh listings like Legend Internet.
“Big Volumes, Big Money – But Fewer Deals!”
The Nigerian Stock Exchange (NGX) wrapped up today’s session with a powerful surge in market activity, showcasing renewed investor interest — especially in high-volume banking and telecom stocks.
Market Performance at a Glance:
• Total Volume Traded: 733.05 million shares
• Number of Deals: 16,619
• Total Turnover (Market Value): ₦35.29 billion
• Market Capitalization: ₦66.6 trillion
Compared to Monday’s trading:
• Volume surged by 46%
• Turnover (money value) soared by a massive 191%
• However, deals slightly dipped by 6% – indicating that while fewer transactions occurred, they involved much larger quantities and bigger value plays.
Top Market Movers – Gainers & Losers
Top Gainers:
1. Legend Internet led the charge with a +10% jump, closing at ₦8.25 — investors clearly believe in its digital future!
2. Associated Bus Company (ABC) gained +9.94% – no brakes on this rally!
3. Cadbury Nigeria: Sweet performance with +9.91%
4. Champion Breweries: Popped +9.79%, proving it’s still a stock to toast to.
Top Losers:
1. Livestock Feeds slipped by -9.71%, ending at ₦7.72
2. Multiverse Mining & Exploration followed closely at -9.62%
3. McNichols: Dropped -9.47%
4. Omatek Ventures: Lost -9.23% – tech’s not always trendy!
Heavyweights by Volume Traded:
These stocks had the highest number of shares exchanged:
• Fidelity Bank: 285 million shares – commanding over 38% of total market volume!
• MTN Nigeria: 86.9 million – strong telecom interest continues.
• Access Holdings: 35.6 million – steady as always.
• Universal Insurance: 29.8 million – insurance seeing some spotlight.
In Summary:
Today’s trading day was one for the books — strong volume, huge cash flow, and broad market participation with 125 equities traded. With 33 stocks gaining and only 20 losing, the market sentiment remained positive.
Key takeaway: Investors are positioning based on Q1 earnings and dividend plays — while also chasing momentum in fresh listings like Legend Internet.